Every resource on the Internet, such as a web page or a file of information has its own address - or Uniform Resource Locator (URL) so than it can be traceable. A Domain Name is basically unique address that can be used on the internet.
With the increase of commercial activity on the Internet, a Domain Name is also used as a business identifier. Therefore, the Domain Name not only serves as an address for Internet communication but also identifies the specific Internet site. In the commercial field, each Domain Name owner provides information/services, which are associated with such Domain Names. Domain Names are used in various networking contexts and application-specific naming and addressing purposes. A Domain Name is an identification label to define a realm of administrative autonomy, authority, or control in the Internet, based on the Domain Name System (DNS).
The duration of registration of a Domain Name is for a minimum period of one year. There is no upper limit as regards the maximum duration of registration.